When adding an invoice that is not in your reporting currency:
The system will automatically generate an accrued reporting value when you save an invoice that is not in your reporting currency. This value will be taken from a live daily rate.
As an administrator, you can edit the reporting value. Simply change the value in the report value box when adding the invoice.
You can also edit the reporting value after you’ve saved the invoice. Go to the Invoice Details and use the Quick Edit button.
Please Note: If you wish to set up a fixed FX rate on the platform, please contact your Client Relationship Manager.
When recording an out-of-currency payment:
You can manage the actual incurred cost of the invoice if the payment has already been made.
At the time you are recording payment, the system will give you a provisional cost that you can edit before saving the payment.
After recording the payment. You can go to Banking, go into the relevant account and edit the value straight from the list (with the Quick Edit button.)
FX fluctuation
Any FX fluctuation can be managed through your Journals tab (See Journals for more information)
Still have questions?
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